Choosing a Yacht: Questions to Ask Before Purchasing Your Dream Vessel

There are a staggering number of types of yachts on the market, so how do you know which one to choose? Purchasing your own yacht can have its advantages, from travelling at your own pace, to enjoying the tranquility of the open sea. Still, purchasing a yacht is a considerable investment, and requires planning. Whether you plan on buying a new or used yacht, there are a number of questions you should ask yourself to find the one that aligns the best with your lifestyle. Below are some factors to consider before taking the leap into the world of yachts.

What Kind of Yacht Fits Your Lifestyle?

Before choosing a yacht, ask yourself what type of sailing you see yourself doing. Are you purchasing a yacht with the intent of chartering long passages across the ocean, or will it be mostly used for day trips? Do you want a vessel to use for fishing or racing? Once you know the intended purpose of the yacht, you can narrow down some of the many options available on the market.

Different Types of Yachts By Propulsion

Sailing yachts can travel across the water using the power of wind. People looking for a hands-on sailing experience, or who want to be a part of regattas will commonly gravitate towards these models.  

Motor yachts on the other hand are powered by fuel-powered engines. There are many types of styles for motor yachts, making them a popular choice.

Hybrid yachts combine engines with battery power.

Gulet yachts have both sails and engines.

Types of Yachts by Hull Design

Monohulls, or yachts with one hull, are a frequently seen design. Catamarans have two hulls, which can mean more stability. Catamarans are commonly liveaboard vessels and can offer more deck space. Trimarans have three hulls.

Types of Yachts Based on Purpose

Classic Yachts

These are restored vessels that may be retrofitted with some more modern features.

Cruising Yachts

These can be used for long-distance travel.

Sport Cruisers

If your idea of a good time is an adrenaline rush, sports yachts are often used for racing purposes. They are commonly smaller in size and used for short trips.

Sportfish Yachts

These typically have features such as outriggers, aerated live wells, or freezers.

Trawler Yachts

These can be used for commercial fishing.

What Size Yacht Should You Buy?

Is bigger always better when it comes to yachts? There are pros and cons to large yachts. At the end of the day, it comes down to what features you think are important. Crunching numbers on paper is one thing, but spending time on different size boats can help you get a real life feel for what you feel comfortable with. Here are some questions to ask yourself before deciding what size yacht you should buy:

  • Will you be sailing single-handedly, with a partner, or with a crew?
  • How many people do you plan on hosting onboard?
  • How much of your budget are you willing to set aside for maintenance fees?
  • Where will you be keeping your boat?
  • How soon would you like your yacht?
  • What do you need for internal storage space?  

Should You Work with a Yacht Broker?

Similar to working with a realtor to find a property, you may want to consider working with a broker to help find a yacht. A yacht broker can help you find boats that meet your search criteria and can provide valuable insight on recent market trends.

Know the Condition of the Yacht Before You Buy

Knowing how old a yacht is and how well it has been maintained are two important pieces of information. Examine the rigging, deck, hull, and the equipment. Make a note of how easy the engine is to access, and how old the navigation equipment is.

In addition to inspecting the yacht before you buy, you may want to seriously consider hiring a professional yacht surveyor. A surveyor can help identify issues and assess the overall condition of a boat.

Learn the Resale Value

Before buying a yacht, research what models are more likely to hold their value over time. Yachts depreciate in value over time.

Take a Sea Trial

To test the performance of a yacht, request to have a sea trial before you complete the sale of the boat.

Yacht Insurance

Navigating the open waters can be an adventure, but navigating insurance coverages can be cumbersome. While boat insurance requirements vary from state to state, many marinas or yacht clubs require proof of insurance. Here at Cross Private Client Insurance, we’ve helped individuals find coverages for many types of watercraft. We represent the top personal lines partners in the market and can show you options. Reach out to our team today to start the conversation.

Request A Quote for Your Yacht


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